Trican Well Service (TSE:TCW) Price Target Increased to C$5.00 by Analysts at Raymond James

Trican Well Service (TSE:TCW) had its price objective hoisted by Raymond James from C$4.50 to C$5.00 in a report issued on Thursday morning, BayStreet.CA reports. Raymond James currently has a market perform rating on the stock. Raymond James also issued estimates for Trican Well Service’s FY2024 earnings at $0.56 EPS, FY2025 earnings at $0.63 EPS, FY2026 earnings at $0.51 EPS and FY2028 earnings at $0.49 EPS.

A number of other analysts have also recently commented on TCW. Cormark lifted their target price on shares of Trican Well Service from C$6.00 to C$6.50 in a research note on Monday, July 29th. BMO Capital Markets lifted their target price on shares of Trican Well Service from C$5.50 to C$6.00 and gave the stock an outperform rating in a research note on Wednesday, July 31st. Finally, TD Securities lifted their target price on shares of Trican Well Service from C$4.50 to C$5.00 and gave the stock a hold rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of C$5.91.

Trican Well Service Stock Down 3.3 %

TSE:TCW opened at C$5.01 on Thursday. Trican Well Service has a fifty-two week low of C$3.79 and a fifty-two week high of C$5.33. The stock has a market capitalization of C$1.02 billion, a P/E ratio of 9.28, a P/E/G ratio of 0.22 and a beta of 1.82. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.75 and a current ratio of 2.74. The company’s 50-day simple moving average is C$4.71 and its 200-day simple moving average is C$4.39.

Trican Well Service (TSE:TCW) last released its earnings results on Monday, May 13th. The company reported C$0.19 EPS for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. The company had revenue of C$271.93 million during the quarter, compared to analysts’ expectations of C$282.63 million. Trican Well Service had a net margin of 12.26% and a return on equity of 22.33%. On average, equities analysts anticipate that Trican Well Service will post 0.5199063 earnings per share for the current fiscal year.

Trican Well Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Friday, September 13th. Trican Well Service’s payout ratio is 33.33%.

Trican Well Service Company Profile

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.